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I saw red at the bank today...
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<p>[QUOTE="proofartoncircs, post: 1271613, member: 25952"]While we are on the red seal topic, I wonder if anybody can fill in any data on their geographical location during the days when they circulated freely.</p><p><br /></p><p>In 1918 FRBN production of $2 divided by $1 production was highest in the Northeast.</p><p>Up to 1965 red seal two's were common in New England, especially in bank vaults. In harness racing season in at least Massachusetts and Maine, </p><p>they flooded the race tracks. $5 red seals circulated regularily although not as common as blue or green seals.</p><p>I was told that they were not as common in other parts of the country.</p><p><br /></p><p>The bulk of small size red seal $1 was released in Porto Rico. That is quite often reported. </p><p>What I haven't seen mentioned lately is that the $100 red seals were initially released there. </p><p>A small quantity was sent to the NY FRB. Then the Treasury circulated them in the Washington DC area. </p><p> Finally they hoarded most all and finally destroyed what they had.[/QUOTE]</p><p><br /></p>
[QUOTE="proofartoncircs, post: 1271613, member: 25952"]While we are on the red seal topic, I wonder if anybody can fill in any data on their geographical location during the days when they circulated freely. In 1918 FRBN production of $2 divided by $1 production was highest in the Northeast. Up to 1965 red seal two's were common in New England, especially in bank vaults. In harness racing season in at least Massachusetts and Maine, they flooded the race tracks. $5 red seals circulated regularily although not as common as blue or green seals. I was told that they were not as common in other parts of the country. The bulk of small size red seal $1 was released in Porto Rico. That is quite often reported. What I haven't seen mentioned lately is that the $100 red seals were initially released there. A small quantity was sent to the NY FRB. Then the Treasury circulated them in the Washington DC area. Finally they hoarded most all and finally destroyed what they had.[/QUOTE]
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